[ad_1]
Capitol Meridian Partners, which currently has five investments listed on its rolodex, is taking the next step as a backer of companies it sees at the intersection of government and commercial markets.
CMP has closed its first fund with $900 million raised from investors, which the company touts as exceeding its target and at a hard cap.
The company announced Monday that more than 30 institutional investors have committed funding to Capitol Meridian Fund I. These participants include endowments, foundations, pension funds, insurance companies, family offices and so-called “funds of funds.”
Carlyle Group veterans Adam Palmer and Brooke Coburn founded CMP in 2021 to identify primarily founder-led companies and bring their technology and services to government markets and adjacent commercial industries. We identified and invested in companies that offer this.
CMP is one of three investors who moved to acquire LMI, a nearly 60-year-old government consulting firm with a focus on logistics, in 2022. In the latest episode of the WT 360 Podcast, LMI CEO Doug Wagoner details his trade and the company’s strategy.
What Clarity Innovations and CMP are now calling “Project Nimbus” are the company’s two other portfolio companies in the federal services market. Project Nimbus refers to transactions completed by his CMP, but he plans to share more details in the future.
CMP also supports state and local government technology company Altumint and aviation service provider PrimeFlight.
[ad_2]
Source link
